September Auto Sales Down From Last Year

Auto Loans

September Auto Sales Down From Last Year

September Auto Sales Down From Last Year

The annual U.S. auto sales rate fell to its slowest level since April, on pace in September to sell 15.28 million vehicles. In August, the annual sales rate hit a post-recession high of 16.09 million, and while September’s annual sales rate is an improvement from last year, monthly sales volume declined considerably. According to Autodata... Read More

7 Unexpected Ways to Use Prepaid Cards

Credit Cards

7 Unexpected Ways to Use Prepaid Cards

7 Unexpected Ways to Use Prepaid Cards

About a decade ago, when prepaid debit cards were new, they quickly earned a reputation as fee-laden plastic marketed mainly to the “unbanked” or the “underbanked” – people whose credit histories or mistrust of financial institutions made them poor candidates for traditional banking services. While the cards were (usually) an improvement over paying check-cashing services and... Read More

CFPB Takes Action Against Company for Processing Upfront Debt Settlement Fees

Managing Debt

CFPB Takes Action Against Company for Processing Upfront Debt Settlement Fees

CFPB Takes Action Against Company for Processing Upfront Debt Settlement Fees

Debt settlement firms that require upfront payments continue to find themselves in the cross-hairs of the Consumer Financial Protection Bureau. On Thursday, the agency announced it filed a complaint against a Washington state payment processor, Meracord LLC, alleging it provides the financial structure that enables collection of illegal upfront fees from consumers drowning in debt.... Read More

This Week in Credit News: Government Shutdown Woes

Personal Finance

This Week in Credit News: Government Shutdown Woes

This Week in Credit News: Government Shutdown Woes

The biggest credit news this week is all about the government shutdown, as furloughed Americans may turn to credit to supplement lost income. Will the Government Shutdown Lead to a Spike in Payday Loans? The federal government shutdown on Tuesday means that hundreds of thousands of Americans have been furloughed. For those who have to... Read More

Study: Most Choose Pricier Health Plans Than Needed

Personal Finance

Study: Most Choose Pricier Health Plans Than Needed

Study: Most Choose Pricier Health Plans Than Needed

The Congressional Budget Office estimates that 20 million Americans will choose health coverage on the insurance exchanges created by the Affordable Care Act. Those marketplaces opened Oct. 1, and while technical difficulties have been an obstacle so far, there’s also concern about consumers’ ability to choose a cost-effective insurance plan. A study from Columbia Business... Read More

9 Signs You Are Talking to a Debt Collection Scammer

Managing Debt

9 Signs You Are Talking to a Debt Collection Scammer

9 Signs You Are Talking to a Debt Collection Scammer

Consumers are forking over hundreds, even thousands, of dollars to debt collection scammers. Our reader Ashley wrote: “They told me that my loan had gone into default and if I did not pay the $398 they would send a sheriff to my job or home to serve me with court papers and I would be... Read More

How to Create a 10-Year Plan for Your Credit

Credit Score

How to Create a 10-Year Plan for Your Credit

How to Create a 10-Year Plan for Your Credit

When we think of our credit, we often think of “right now” credit. That is, we’re thinking of what our current credit score is and whether it will allow us to open the credit account (i.e. mortgage, car loan, student loan, etc.) that we need… and we’re thinking about what immediate changes we can make... Read More

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